Waveform by Virtuals vs OriginTrail

OriginTrail (TRAC) is 78.8× the size of Waveform by Virtuals (WAVE) by market capitalisation. Over the past 30 days, TRAC is ahead by 36.5 percentage points (WAVE -31.8% against TRAC +4.7%). Their daily returns move closely together (correlation 0.67 across 26 shared trading days). Both have run at a similar volatility, around 112% annualised.

Correlation: 0.67
Size ratio: 1 : 78.8
Ahead over 30 days: TRAC

Waveform by VirtualsWAVE

$0.001907

24h: +0.13%
Market cap: $1.91M
Volume 24h: $14
Volatility (ann.): 120%

OriginTrailTRAC

$0.335839

24h: -0.55%
Market cap: $150.21M
Volume 24h: $1.89M
Volatility (ann.): 104%

WAVE 1.3%Share of the two combined market caps98.7% TRAC

Performance

WAVETRAC

7 days-31.95%-7.03%TRAC
30 days-31.77%+4.69%TRAC

Correlation

0.67over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6790d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	WAVE	TRAC
Max drawdown (400d)	-44.5%	-22.2%
Risk-adjusted return (90d)	-0.36	0.29

Relative strength over 90 days: TRAC outperformed WAVE by 47.6% — measured on the WAVE/TRAC ratio, so it holds regardless of market direction.

Waveform by Virtuals →OriginTrail →